P M Art Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02235347

P M Art Limited

Filleted Unaudited Accounts

31 March 2023

P M Art Limited

Statement of Financial Position

31 March 2023

	2023		2022
	£	£	£	£
Fixed assets		3,361		4,382
		-------		-------

Current assets	2,062,020		1,935,506
Prepayments and accrued income	5,171		3,867
	------------		------------
		2,067,191		1,939,373

Creditors: amounts falling due within one year	( 1,491,990)	( 1,283,851)
	------------	------------
Net current assets	575,201	655,522
	---------	---------
Total assets less current liabilities	578,562	659,904

Accruals and deferred income	( 15,000)	( 15,000)
	---------	---------
	563,562	644,904
	---------	---------

Capital and reserves	563,562	644,904
	---------	---------

Notes to the accounts

1. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

2. Charge on assets

The bank overdrafts totalling £267,849 (2022: £116,480) are secured on a fixed and floating charge over the assets of the company.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

These accounts have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These accounts were approved by the board of directors and authorised for issue on 5 December 2023 , and are signed on behalf of the board by:

P J Alexander

Director

Company registration number: 02235347

The company is a private company limited by shares, registered in England and Wales. The address of the principal place of business is 10 Pembridge Crescent, London, W11 3DT.